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The city-based firm had clocked standalone net profits of Rs 3.76 crore in the corresponding quarter of the previous year.

For the full year ending March 31, 2018 standalone net profits was Rs 15.25 crore,TAKE Solutions said in a statement.

The standalone total income for the quarter ending June 30, 2018 surged to Rs 26.76 crore from Rs 7.17 crore registered in the same quarter of the last fiscal.

For the year ending March 31, 2018 standalone total income registered was at Rs 35.24 crore.

Commenting on the financial performance, company Vice Chairman and Managing Director Srinivasan H R said, "we have started the new fiscal year on a very strong note. Our life sciences business continues to be our growth engine this quarter, while other verticals maintained momentum".

"With a good set of wins during the quarter,a robust deal in pipeline and investments in research and innovation in the Life Science industry, we are well positioned for the future to be a half a million-dollar enterprise by 2021", he said.